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Mortgage Rates

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US mortgage rates fall sharply
Nov 19th, 2009 - bizjournals
Long-term mortgage rates fell for the third consecutive week, with a 30-year fixed-rate mortgage near an all-time low. Freddie Mac said the average rate on a 30-year fixed-rate mortgage was 4.83 percent in the week ending Nov...
US Mortgage Rates Fall for Third Consecutive Week
Nov 19th, 2009 - Bloomberg
Nov. 19 (Bloomberg) -- Rates for 30-year fixed U.S. homeloans fell for the third straight week, offering a boost topotential buyers who may use a government tax credit to purchasehomes...
Mortgage rates at 5-week low
Nov 12th, 2009 - bizjournals
Long-term mortgages rates moved lower again this week, hitting the lowest level in five weeks. Freddie Mac's weekly report says the average 30-year fixed-rate mortgage was 4.91 percent in the week ending Nov...
Mortgage rates at five-week low
Nov 12th, 2009 - bizjournals
Long-term mortgage rates moved lower again this week, hitting the lowest level in five weeks. Freddie Mac's weekly report says the average 30-year, fixed-rate mortgage was 4.91 percent in the week ended Nov...
U.S. mortgage rates heading back toward record low
Nov 12th, 2009 - Reuters
NEW YORK (Reuters) - U.S. home loan rates fell to a five-week low last week in a renewed test of the record low borrowing costs set in April, Freddie Mac said on Thursday.

Mortgage Rates videos from YouTube:

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Today's Mortgage Rates: Which home loan is best?
Texas Mortgage Info: How your mortgage person structures your loan is more important than the getting a low rate. To get the lowest 30 year or 15 year fixed rate consider avoiding PMI (mortgage ...
1:53
Falling Mortgage Rates
Potential buyers got some extra motivation on Tuesday when mortgage interest rates dropped another half percent. Priya David reports.
1:49
Another Spike Higher In Mortgage Rates - Bloomberg
The bond market has ignited a spike in mortgage rates and that could snuff out the recent increase in home sales. (Bloomberg News)
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Housing report: Why longer term mortgage rates are rising
Bernard Hickey delivers a housing report in association with ASB, including a look at this chart showing where longer term mortgage rate are likely to be heading. This chart shows wholesale ...

Mortgage Rates from WikiPedia:

A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.

This comes from the Old French "dead pledge," apparently meaning that the pledge ends (dies) either when the obligation is fulfilled or the property is taken through foreclosure.

In most jurisdictions mortgages are strongly associated with loans secured on real estate rather than on other property (such as ships) and in some jurisdictions only land may be mortgaged.